Equinox Gold (CVE:EQX) PT Lowered to C$11.50 at Haywood Securities

Equinox Gold (CVE:EQX) had its price objective dropped by stock analysts at Haywood Securities from C$12.75 to C$11.50 in a research note issued on Friday, BayStreet.CA reports. Haywood Securities’ price objective points to a potential upside of 45.94% from the stock’s current price.

EQX has been the subject of a number of other reports. CIBC increased their target price on Equinox Gold from C$8.75 to C$9.50 in a report on Wednesday, July 10th. Canaccord Genuity Group lifted their price objective on Equinox Gold from C$12.00 to C$12.75 in a report on Tuesday, July 23rd. Cormark reduced their target price on shares of Equinox Gold from C$9.00 to C$8.50 in a research note on Friday, May 10th. TD Securities dropped their target price on shares of Equinox Gold from C$10.00 to C$9.50 in a research report on Friday, May 10th. Finally, Royal Bank of Canada boosted their price target on shares of Equinox Gold from C$7.00 to C$8.00 in a research report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$9.43.

Equinox Gold Price Performance

CVE EQX traded down C$0.07 on Friday, reaching C$7.88. The company’s stock had a trading volume of 53,583 shares, compared to its average volume of 153,529. The firm has a market cap of C$892.46 million and a PE ratio of -43.54. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. Equinox Gold has a 52 week low of C$4.25 and a 52 week high of C$8.90. The business has a 50-day moving average price of C$7.88 and a 200 day moving average price of C$7.88.

Insider Transactions at Equinox Gold

In related news, Director Lenard Boggio sold 52,741 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of C$7.62, for a total transaction of C$401,886.42.

About Equinox Gold

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company's principal properties include the Aurizona project covering a total land package of approximately 223,160 hectares located in Maranhão State, Brazil; and the Castle Mountain property situated in California, the United States.